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Toronto new home prices higher
Toronto new housing prices rose by 0.2 per cent in August over July, as developers reported more traffic at their showrooms. While the uptick is encouraging, new home prices are still down by 0.1 per cent year over year, according to figures released by Statistics Canada today.
Toronto prices beat the national average, where the index rose by 0.1 per cent. "Despite the rebound in the housing market and the dramatic turnaround in existing home prices in recent months, new home prices remain fairly weak," said Millan Mulraine, an economics strategist with TD Securities.
Prices increased the most in St. John's, Quebec, and Regina. The largest monthly decrease in housing prices was in Hamilton.
"Some builders lowered their prices to encourage sales while others offered bonus upgrade packages," said Statistics Canada. Windsor and Edmonton also experienced declines.
Source: Tony Wong in the Toronto Star
October 13, 2009 in Toronto Real Estate Update | Permalink
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Comments
as per your information it is clear that people are more demanding to settle in Toronto,one of great resource for related to your information about home for sale.
Posted by: Peter | Nov 9, 2009 3:16:54 AM
I agree with John why do houses in Toronto increase so fast? But I think even if the Toronto Real Estate houses are expensive, still it has the most great houses in Ontario.
Posted by: Toronto Real Estate | Oct 30, 2009 10:02:25 PM
I always wonder why Toronto would almost increase if not yearly, it's almost like monthly.
-John@Realtors
Posted by: John | Oct 14, 2009 10:10:05 PM
I don't understand how there can be any new houses in Toronto. Does that include neighbourhoods several hours outside of Toronto, or Toronto proper (defined by me as any areas served by a standard fare on the TTC). ?
Posted by: Geoff | Oct 14, 2009 9:06:07 AM
